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[BUSINESS] · India · 2 sources

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Varanasi reports significant industrial investment growth

Varanasi is experiencing significant industrial and investment growth, according to a recent review meeting chaired by District Magistrate Satyendra Kumar. The district has seen 201 Memorandums of Understanding (MoUs) proposed, totaling Rs 24,187.92 crore. Currently, 125 projects are fully operational, with Rs 9,180.12 crore in investments already realized, while work continues on 25 additional projects.

Regarding administrative efficiency, the ‘Invest Mitra’ portal has received 2,003 applications in the current financial year, with 1,646 already approved. District Magistrate Kumar instructed departments to ensure prompt action on portal cases and directed the Varanasi Development Authority (VDA) to coordinate closely with investors to resolve issues in a timely manner.

To support industrial infrastructure, officials were directed to increase police patrolling in the Chandpur Industrial Estate and enforce regulations against unauthorizedly parked transport trucks and buses.

Entities

Chandpur Industrial Estate · Satyendra Kumar · Varanasi